SMG Industries, Inc. engages in selling of proprietary branded products including detergents, surfactants, and degreasers such as Miracle Blue, to oilfield drilling rig contractors and oilfield companies. It operates through the following segments: Drilling, Completions, and Production. The company was founded by Ailon Z. Grushkin and Richard A. Biele on January 7, 2008 and is headquartered in Houston, TX.
Company profile
Ticker
SMGI
Exchange
Website
CEO
Matthew C. Flemming
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Booking • Expedia • GXO Logistics • GATX • RXO • XPO • Virgin Galactic Holdings Inc - Ordinary Shares • Tuniu • ModivCare • Despegar.com ...
Former names
SMG Indium Resources Ltd., Specialty Metals Group Indium Corp.
SEC CIK
Corporate docs
IRS number
510662991
SMGI stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
29 Mar 24
EFFECT
Notice of effectiveness
28 Mar 24
EFFECT
Notice of effectiveness
28 Mar 24
EFFECT
Notice of effectiveness
28 Mar 24
POS AM
Prospectus update (post-effective amendment)
22 Mar 24
POS AM
Prospectus update (post-effective amendment)
22 Mar 24
POS AM
Prospectus update (post-effective amendment)
22 Mar 24
8-K
SMG Industries Inc. Announces Voluntary SEC Deregistration
8 Mar 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
Results of Operations and Financial Condition
2 Oct 23
Latest ownership filings
4
MATTHEW C FLEMMING
2 Nov 23
4
Bryan S Barnhart
4 Oct 23
4
Timothy W Barnhart
4 Oct 23
4
Steven H Madden
13 Sep 23
SC 13D/A
Frye James E. Jr.
5 Sep 23
SC 13D
Barnhart Bryan S
31 Aug 23
SC 13D
Barnhart Timothy W
31 Aug 23
4
Steven H Madden
10 Aug 23
4
Newton W. Dorsett
10 Aug 23
3/A
Steven H Madden
9 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.81 mm | 4.81 mm | 4.81 mm | 4.81 mm | 4.81 mm | 4.81 mm |
Cash burn (monthly) | (no burn) | (no burn) | 963.66 k | 236.26 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 7.03 mm | 1.72 mm | n/a | n/a |
Cash remaining | n/a | n/a | -2.23 mm | 3.08 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | -2.3 | 13.1 | n/a | n/a |
Institutional ownership, Q2 2023
1.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 934.00 k |
Total shares | 4.21 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Steven H Madden | 4.21 mm | $934.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Oct 23 | Flemming Matthew C | Common Stock, par value $.001 | Gift | Dispose G | Yes | No | 0 | 100,000 | 0.00 | 500,000 |
1 Sep 23 | Timothy W Barnhart | 5% Series C Convertible Preferred Stock Common Stock | Grant | Acquire A | Yes | No | 10000 | 36 | 360.00 k | 286 |
1 Sep 23 | Bryan S Barnhart | 5% Series C Convertible Preferred Stock Common Stock | Grant | Acquire A | No | No | 10000 | 36 | 360.00 k | 286 |
30 Aug 23 | Steven H Madden | 5% Series C Convertible Preferred Stock Common Stock | Grant | Acquire A | Yes | No | 10000 | 61 | 610.00 k | 561 |